Real Effective Exchange Rate in Thailand
Thailand: Real Effective Exchange Rate was 101.73 in 2024. ▲ Rising
Real Effective Exchange Rate in Thailand, 1994–2024
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
In 2024, real effective exchange rate in Thailand stood at 101.73.
Compared with earlier readings it is down 1.7% on the previous year and up 0.4% over ten years.
Over the whole period, real effective exchange rate in Thailand peaked at 111.93 in 2019 and was at its lowest, 83.37, in 2001.
That places Thailand 51st out of 107 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Real Effective Exchange Rate in Thailand, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 104.05 | — |
| 1995 | 102.68 | -1.3% |
| 1996 | 109.97 | +7.1% |
| 1997 | 102.74 | -6.6% |
| 1998 | 87.74 | -14.6% |
| 1999 | 91.03 | +3.7% |
| 2000 | 87.31 | -4.1% |
| 2001 | 83.37 | -4.5% |
| 2002 | 85.77 | +2.9% |
| 2003 | 84.24 | -1.8% |
| 2004 | 84 | -0.3% |
| 2005 | 85.23 | +1.5% |
| 2006 | 92.44 | +8.5% |
| 2007 | 104.72 | +13.3% |
| 2008 | 98.58 | -5.9% |
| 2009 | 94.87 | -3.8% |
| 2010 | 99.96 | +5.4% |
| 2011 | 98.92 | -1.0% |
| 2012 | 99.34 | +0.4% |
| 2013 | 104.6 | +5.3% |
| 2014 | 101.34 | -3.1% |
| 2015 | 102.85 | +1.5% |
| 2016 | 99.58 | -3.2% |
| 2017 | 102.95 | +3.4% |
| 2018 | 105.85 | +2.8% |
| 2019 | 111.93 | +5.7% |
| 2020 | 108.92 | -2.7% |
| 2021 | 102.86 | -5.6% |
| 2022 | 102.24 | -0.6% |
| 2023 | 103.53 | +1.3% |
| 2024 | 101.73 | -1.7% |
Thailand compared with similar countries
- Thailand's 101.73 is below the median for upper middle income countries, which is 101.79, 100% of the median. (32 countries reporting)
- Thailand's 101.73 is below the median for East Asia & Pacific, which is 108.54, 94% of the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 99.7 | 87.74 | 109.97 | 6 |
| 2000s | 90.05 | 83.37 | 104.72 | 10 |
| 2010s | 102.73 | 98.92 | 111.93 | 10 |
| 2020s | 103.86 | 101.73 | 108.92 | 5 |
Countries ranked near Thailand
- 48 Austria 102.77 compare
- 49 Saint Lucia 102.36 compare
- 50 Dominica 101.85 compare
- 52 Sierra Leone 101.72 compare
- 53 Belgium 101.49 compare
- 54 South Korea 101.24 compare
More reference data data for Thailand
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.67 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 1.89 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 13.08 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 1.45 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 13.08 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 5.58 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 7.72 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 10.67 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 65.23 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 7.92 (2050)
Frequently asked questions
- What is real effective exchange rate in Thailand?
- Real effective exchange rate in Thailand was 101.73 in 2024, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest real effective exchange rate recorded in Thailand?
- The highest recorded value was 111.93 in 2019.
- What is the lowest real effective exchange rate recorded in Thailand?
- The lowest recorded value was 83.37 in 2001.
- How does Thailand rank for real effective exchange rate?
- Thailand ranks 51st out of 107 countries with data for 2024.
- Is real effective exchange rate rising or falling in Thailand?
- Over the last ten years it is up 0.4%. The long-run trend across the full record is rising.
- Where does this Thailand data come from?
- The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Real Effective Exchange Rate. Statizoid updates them automatically from the source API.
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CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.